Fraudster sentenced to seven years
Bournemouth’s Benjamin Wilson has been sentenced to seven years imprisonment for defrauding investors of more than £21m.
Regulation
-
-
FCA fines State Street in mark-ups case
State Street UK has been fined £22.9m by the FCA having been found to have deliberately charged clients substantial mark-ups on transactions on top off agreed fees and commission.
-
First IFA banned for fake RDR qualifications
The inaugural RDR fiend has been found and banned after faking his professional qualifications.
-
irs brass says no more fatca delays
A top official of the US Internal Revenue Service has told a New York audience of lawyers and tax experts that the Foreign Account Tax Compliance Act will not be postponed again‚ a US law journal has reported.
-
PA ANALYSIS European regulators
How did we ever get to the stage where MiFID II, a piece of European legislation, could cause the UK investment industry to undo the time and cost of UK-driven RDR? There may finally be a man who can make sure this never happens again.
-
time for supervision not regulation implores
The head of influential asset management trade body EFAMA last night called on politicians to create a “level playing field” for the regulation of financial products in Europe.
-
FCA sets deadline in clampdown
The FCA has issued its finalised guidance on inducements, taking on its three main causes for concern in the relationship between product providers and advisers.
-
MiFID II death knell for RDR
The UK's Retail Distribution Review could be in danger of being overridden by the EU's MiFID II directive.
-
I had a run in with a cow and nine other
There are valid reasons for filing a tax return late, so says HM Revenue & Customs, it’s just that these ten are not…
-
RDR losers winners one year in
One year down the line, the Retail Distribution Review has thrown up both winners and losers, according to Hargreaves Lansdown.
-
FCA doubles its remit in 2014
The Financial Conduct Authority is expecting a significant rise in the number of regulated firms next year as it takes over from the Office of Fair Trading as watchdog of the consumer credit market next year.
-
JPM more restricted firms expected a year into RDR
JP Morgan Asset Managements Keith Evins believes larger advice firms will increasingly move towards restricted propositions as a result of the RDR.
